Horace Mann Educators Corp . (NYSE:HMN) President and CEO Marita Zuraitis recently sold company shares, according to a new SEC filing. The transaction, which took place on March 28, 2024, involved the sale of 1,250 shares of common stock at a price of $37.00 per share, resulting in a total sale value of $46,250.
This sale has adjusted Zuraitis's direct ownership in the company to 304,483.433 shares, which includes 199,737.433 vested restricted stock units and 104,746 shares of common stock, as noted in the filing's footnotes.
Investors and market watchers often look to insider transactions as a gauge of executive confidence in the company's prospects. While sales can happen for various personal or financial reasons, they are always subject to scrutiny for the signals they may send about a company's future.
Horace Mann Educators Corp., with its trading symbol HMN, is known for its focus on providing insurance and financial services to educators and is headquartered in Springfield, Illinois.
For those tracking insider activity, the details of such transactions are made available through mandatory filings with the SEC. These transactions offer a transparent view of how top executives are managing their stock in the companies they run.
InvestingPro Insights
Following the recent insider sale by Horace Mann Educators Corp. (NYSE:HMN) President and CEO Marita Zuraitis, investors may find the latest data and insights from InvestingPro particularly relevant. The company, which has a market capitalization of approximately $1.43 billion, is demonstrating a commitment to shareholder returns, as evidenced by its consistent dividend track record. Notably, Horace Mann has raised its dividend for 14 consecutive years and has maintained dividend payments for 33 consecutive years, which aligns with an InvestingPro Tip highlighting the company's reliability in rewarding its investors.
Moreover, the company's net income is expected to grow this year, and two analysts have revised their earnings upwards for the upcoming period. This optimism is reflected in the company's P/E ratio, which stands at 32.13, and when adjusted for the last twelve months as of Q4 2023, it slightly dips to 31.93. The PEG ratio, a measure of a stock's price-to-earnings to growth, is notably low at 0.24 for the same period, suggesting that Horace Mann's stock price may be undervalued relative to its earnings growth potential. This is an InvestingPro Tip that could signal an attractive opportunity for value-oriented investors.
For those considering a deeper analysis, InvestingPro offers additional insights, with PRONEWS24 providing an extra 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 9 more InvestingPro Tips available on Horace Mann, which could further inform investment decisions. The next earnings date is set for May 8, 2024, an event that market participants will be watching closely.
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